Skip to main content

"Oracle Energy and Emirates Global Aluminium Sign MoU to Explore Green Hydrogen Supply and Delivery

 


Hydrogen pipeline. Courtesy of Rawpixel dot com
On February 1st, 2023, Oracle Energy and Emirates Global Aluminium (EGA) signed a Memorandum of Understanding, pledging to collaborate and examine the feasibility of Oracle Energy providing approximately 50,000 tonnes of Green Hydrogen to EGA annually. This would make up the majority of the total output from Oracle Energy's planned Green Hydrogen Project in Pakistan.


If negotiations proceed smoothly, it is intended that a binding agreement will be signed at the 2023 UN Climate Change Conference (COP28) to be held in the UAE from November 30th to December 12th 2023. The objective of Oracle Energy is to produce a total of 55,000 tonnes of high-purity Green Hydrogen each year, which is equivalent to producing 150,000 kg of hydrogen daily.


The MoU is valid for one year from January 30th, 2023, and both parties have agreed to work towards the acquisition of Green Hydrogen ahead of COP28. EGA's aim is to incorporate Green Hydrogen and green ammonia into its operations as part of its commitment to reducing carbon emissions. Replacing natural gas with Green Hydrogen not only decarbonizes the aluminum production process but also enhances the energy efficiency of aluminum furnaces that use oxy-fuel combustion technologies.


Emirates Global Aluminium, based in the UAE, is co-owned by the sovereign investor, Investment Corporation of Dubai, and the state-owned holding company, Mubadala Investment Company. Both companies manage a vast portfolio of assets and investments in the UAE and abroad to deliver sustainable financial returns for their shareholders.


"The MoU with EGA, a sovereign-owned giant in the aluminum sector, represents a major stride towards reducing financing risk for our Green Hydrogen project and securing a place for it in the global Green Hydrogen supply as heavy industries move towards decarbonization," said Naheed Memon, CEO of Oracle Power. "Interest from this global player highlights the significant progress we have made on the development of our flagship Green Hydrogen Project, which has the potential to become one of the largest Green Hydrogen projects in the region. This collaboration is critical as we search for sustainable off-take partners for our Green Hydrogen production. The global opportunities for Green Hydrogen production are immense, and as an early adopter in Pakistan, we are eager to reap the benefits following the successful deployment of our flagship project and contribute to local and regional decarbonization efforts.

Green hydrogen is produced through the process of electrolysis, where an electric current is passed through water to separate the hydrogen and oxygen molecules. In this process, the source of electricity must be renewable, such as wind, solar, or hydro power, in order to produce truly "green" hydrogen. This process produces hydrogen with zero carbon emissions, unlike traditional hydrogen production methods which rely on fossil fuels and emit significant amounts of greenhouse gases.

Source : Oracle Power Plc

#Green Hydrogen #Oracleenergy #Emiratesglobalalluminium






Comments

Post a Comment

Hot Topics 🔥

Geothermal Energy Powers Next Generation Sustainable Data Centers

Geothermal Power Meets Data Centers in Strategic Shift By: Robert Buluma The global energy landscape is undergoing a profound transformation, and at the heart of this shift lies an unexpected but powerful convergence: geothermal energy and digital infrastructure . In a move that signals both ambition and foresight, Pertamina Geothermal Energy (PGEO) is preparing to expand beyond its traditional role as a power producer and enter the rapidly growing data center industry . This is not just another diversification strategy. It is a calculated leap into the future—one that aligns renewable energy with the insatiable demand for digital services. The implications are far-reaching, not only for Indonesia but for the global energy-tech nexus. A Bold Step Beyond Electricity For decades, geothermal companies have largely focused on one thing: generating electricity. PGEO , a subsidiary of Indonesia’s energy giant Pertamina, has been no exception. With a growing portfolio of geothermal assets and...
Post a Comment
Read more

Eavor’s Geretsried Closed-Loop Geothermal Plant Now Powers the Grid

Eavor Technologies Achieves Historic Milestone: World’s First Commercial-Scale Closed-Loop Geothermal System Now Delivering Power in Geretsried, Germany Published: December 2025 By:  Robert Buluma The Day Geothermal Changed Forever On a crisp Bavarian morning in late 2025, a quiet revolution in clean energy officially went live.   Eavor Technologies Inc ., the Calgary-based pioneer of closed-loop geothermal technology, announced that its flagship commercial project in Geretsried, Germany has begun delivering power to the grid becoming the world’s first utility-scale multilateral closed-loop geothermal system to achieve commercial operation. For anyone who has followed the geothermal sector for the last decade, this is nothing short of seismic (pun intended). What Makes Eavor’s Closed-Loop System Truly Disruptive? Traditional geothermal plants rely on naturally occurring hot water reservoirs or enhanced geothermal systems (EGS) that require hydraulic fracturing and massiv...
Post a Comment
Read more

Engie advances geothermal exploration for Réunion Island energy independence

Engie’s Geothermal Ambitions in Réunion Island: A Turning Point for Energy Independence in Volcanic Territories By: Robert Buluma In a world increasingly defined by the urgency of energy transition, remote island territories stand at the frontline of both vulnerability and opportunity. The recent move by to secure a geothermal exploration permit in marks more than just another project milestone—it signals a potential transformation in how isolated regions harness their natural resources to break free from fossil fuel dependency. This development, centered in the Cafres-Palmistes highlands, is not merely about drilling wells or building a power plant. It is about unlocking the immense geothermal promise hidden beneath volcanic landscapes, navigating environmental sensitivities, and setting a precedent for sustainable energy in island economies worldwide. A Strategic Foothold in Volcanic Terrain Réunion Island, located east of Madagascar in the Indian Ocean, is a geological marvel...
Post a Comment
Read more

Ormat raises concerns over Kenya Power payment delays

When Power Stalls: Payment Delays Threaten Kenya’s Geothermal Momentum By: Robert Buluma Kenya’s geothermal story has long been told as one of Africa’s most compelling energy success narratives—a nation that dared to dig deep into the Earth and emerged with a reliable, renewable backbone for its electricity grid. From the steaming plains of Olkaria to the ambitious expansions across the Rift Valley, geothermal has positioned Kenya as a continental leader in clean baseload power. But beneath this success lies a growing tension—one that could quietly undermine the very foundation of this progress. Recent signals from , one of Kenya’s key independent power producers, have cast a spotlight on a familiar yet dangerous challenge: delayed payments from . What may appear as a routine financial hiccup is, in reality, a warning sign with far-reaching implications for investment, energy security, and the future trajectory of geothermal development in Kenya. The Backbone of Kenya’s Energy System T...
Post a Comment
Read more

Star Energy Begins Lampung Geothermal Drilling, Unlocking Indonesia’s Potential

Star Energy’s Lampung Drilling Campaign: Indonesia’s Next Geothermal Frontier Awakens The ground beneath Lampung has waited long enough. For years, the Sekincau geothermal prospect in southern Sumatra existed as a promise—mapped, studied, debated, and cautiously anticipated. Beneath its surface lies a force that has powered civilizations in silence: geothermal energy. Now, that silence is about to be broken. In 2026, is preparing to initiate what could become one of the most consequential geothermal drilling campaigns in Indonesia’s recent history. The move signals more than just another exploration program—it marks a decisive step into Indonesia’s next geothermal frontier. This is not just drilling. This is ignition. The Sekincau Prospect: From Geological Promise to Strategic Reality Located in Lampung Province, the Sekincau geothermal field represents a classic greenfield opportunity—untapped, uncertain, and filled with both risk and transformative potential. Unlike brownfield expan...
Post a Comment
Read more

Daiwa Can Launches Offsite Corporate PPA with Kyuden, TEPCO

Geothermal Power Meets Corporate Demand: A New Era of Offsite PPA Decarbonization In a world racing toward decarbonization, one truth is becoming increasingly clear: renewable energy must not only be clean—it must also be reliable. While solar and wind have dominated the conversation for years, their intermittency continues to challenge industries that rely on uninterrupted power. Now, a groundbreaking development from Japan is redefining what corporate renewable energy procurement can look like, and at the center of it lies geothermal power. In April 2026, Daiwa Can Company, in partnership with Kyuden Mirai Energy and Tokyo Electric Power Company Energy Partner, launched an innovative offsite corporate Power Purchase Agreement (PPA) powered by geothermal energy. This initiative is more than just a contract—it represents a paradigm shift in how industries can secure stable, low-carbon electricity while mitigating operational risks. The Rising Importance of Corporate PPAs Corporate ...
Post a Comment
Read more

Ormat Raises $875 Million in Landmark Geothermal Financing Success

Ormat Raises $875 Million in Landmark Geothermal Financing Deal: Fueling the Next Era of Clean, Reliable Power By Alphaxioms Geothermal Insights | March 19, 2026 In a clear vote of confidence from institutional investors in the geothermal sector,  Ormat Technologies, Inc. (NYSE: ORA) has successfully priced an upsized $875 million offering of convertible senior notes. Announced on March 18, 2026, the deal consists of $725 million in 1.50% Series A notes and $150 million in 0.00% Series B notes, both due in 2031. The offering was increased from an initial $750 million target due to overwhelming demand, underscoring the growing appetite for established geothermal players amid surging electricity needs from AI data centers and the global energy transition. This isn't just another corporate financing round—it's a geothermal milestone. Ormat , a vertically integrated leader in geothermal power with over six decades of experience, is using the capital to refinance older debt, repur...
Post a Comment
Read more

BRIN and Geo Dipa Advance Modular Geothermal Wellhead Power

BRIN and Geo Dipa Pioneer Modular Wellhead Technology for Small-Scale Geothermal Power Revolution By: Robert Buluma Opening Perspective: A Quiet Revolution at the Wellhead Across Indonesia’s volcanic arc, geothermal energy has long been viewed through the lens of massive power stations—multi-well, multi-megawatt installations requiring years of development and heavy capital investment. But a quieter transformation is emerging. Instead of waiting years for large-scale geothermal plants, engineers and researchers are now asking a radical question: What if geothermal power could begin at the wellhead itself—small, fast, modular, and locally distributed? This is exactly the direction being taken by Indonesia’s national research agency BRIN in collaboration with state geothermal developer Geo Dipa Energi . Their joint effort to develop modular wellhead technology for small-scale geothermal power plants represents one of the most important shifts in geothermal development strategy in...
Post a Comment
Read more

Vulcan–Mersen Alliance Signals a New Era for Lithium and Geothermal Integration

Vulcan – Mersen Alliance Signals a New Era for Lithium and Geothermal Integration By: Robert Buluma In a world racing toward electrification, the battle for critical minerals is intensifying. Lithium, the backbone of modern batteries, has become one of the most strategically important resources of the 21st century. But while demand surges, so does scrutiny—over sustainability, supply chains, and environmental impact. Against this backdrop, a significant development has emerged: has signed a key supply agreement with for its flagship Lionheart project in Germany’s Upper Rhine Valley. At first glance, this may look like a standard industrial supply deal. It is anything but. This agreement represents a deeper shift—one where lithium production, geothermal energy, chemical engineering, and circular industrial design converge into a single, integrated system. The Lionheart Vision: Lithium Without the Carbon Cost The Lionheart Project, located in the , is one of the most ambitious li...
Post a Comment
Read more

Oil Giant Goes Deep for Clean Heat: Occidental Drills 4 Miles Underground in Colorado – Fastest Superduper Geothermal Well Yet

The Quiet Revolution Underground: How an Oil Giant Drilled 4 Miles Deep for Geothermal Heat And What It Means for the Future of Clean Energy By:  Robert Buluma  Date:March 6, 2026 Imagine this: In the flat, oil-soaked plains of Weld County, Colorado—where drilling rigs have long been synonymous with fossil fuels—a massive rig rises quietly last spring. No fanfare, no press releases blasting headlines. Just Occidental Petroleum (Oxy) , the oil behemoth better known for pumping black gold, sinking twin boreholes nearly four miles (about 20,000 feet) into the Earth. Not for oil or gas this time—but for something far more revolutionary: limitless, carbon-free heat from the planet's depths. Completed in under six weeks starting April 2025, this secretive project—dubbed GLADE (Geothermal Limitless Approach to Drilling Efficiencies)—has sent ripples through the geothermal world. Backed by a $9 million U.S. Department of Energy grant from 2022, GLADE wasn't about extracting hydrocarb...
Post a Comment
Read more